Cost of Goods Sold Pietro Frozen Foods, Inc. produces troen paras. For next year, Pietro predicts that 50,700 units will be produced, with the following total costs Direct materials Direct labor 70,000 Variable overhead 15,000 Foxed overhead 215,000 Next year, Pietro expects to purchase 5128,500 of direct materials. Projected beginning and ending Inventories for direct materials and work in process are as follows: Direct materials Work in Process Inventory Inventory Beginning $5,000 $14,800 Ending 54,900 $16.000 Pietro expects to product 50,700 units and se 50,000 units Beginning inventory of inished goods is 541,500, and ending inventory of fished goods expected to be $35.000 Required: 1. Prepare a statement of cost of goods sold in good form Pietro Frozen Foods, Inc. Statement of Cost of Goods Sold For the Coming Year Cuck My Work 5128,500 of direct materials. Projected beginning and ending inventories for direct materials and work in process are as follows: Direct materials Work-in-Process Inventory Inventory Beginning $5,000 $14,800 Ending $4,900 $16,800 Pietro expects to produce 50,700 units and sell 50,000 units. Beginning inventory of finished goods is $41,500, and ending inventory of finished good expected to be $33,000 Required: 1. Prepare a statement of cost of goods sold in good form Pietro Frozen Foods, Inc. Statement of Cost of Goods Sold For the Coming Year 2. What if the beginning inventory of finished goods decreased by $5.5007 What would be the effect on the cost of goods sold by Cuck My Work